Solitario Resources Corp. (NYSEAMERICAN:XPL) Short Interest Up 67.2% in April

Solitario Resources Corp. (NYSEAMERICAN:XPL) (TSE:SLR) was the recipient of a significant increase in short interest during the month of April. As of April 15th, there was short interest totaling 208,329 shares, an increase of 67.2% from the March 31st total of 124,598 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 216,215 shares, the short-interest ratio is currently 1.0 days.

Solitario Resources Stock Down 4.6%

Shares of NYSEAMERICAN XPL opened at $0.81 on Wednesday. The business’s 50 day moving average price is $0.83 and its 200 day moving average price is $0.74. The firm has a market cap of $74.84 million, a P/E ratio of -16.23 and a beta of 0.41. Solitario Resources has a 52 week low of $0.54 and a 52 week high of $0.98.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reiterated a “buy” rating and issued a $1.20 target price on shares of Solitario Resources in a research report on Monday, March 23rd. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1.20.

Institutional Investors Weigh In On Solitario Resources

Several hedge funds have recently bought and sold shares of the stock. Renaissance Technologies LLC boosted its position in Solitario Resources by 15.9% in the 4th quarter. Renaissance Technologies LLC now owns 1,295,706 shares of the basic materials company’s stock worth $903,000 after purchasing an additional 178,035 shares in the last quarter. Focused Wealth Management Inc boosted its position in Solitario Resources by 24.9% in the 1st quarter. Focused Wealth Management Inc now owns 762,900 shares of the basic materials company’s stock worth $626,000 after purchasing an additional 152,000 shares in the last quarter. Geode Capital Management LLC boosted its position in Solitario Resources by 9.4% in the 4th quarter. Geode Capital Management LLC now owns 650,751 shares of the basic materials company’s stock worth $454,000 after purchasing an additional 55,958 shares in the last quarter. Citadel Advisors LLC purchased a new stake in Solitario Resources in the 3rd quarter worth approximately $194,000. Finally, Total Wealth Planning & Management Inc. purchased a new stake in Solitario Resources in the 4th quarter worth approximately $130,000. Hedge funds and other institutional investors own 18.23% of the company’s stock.

Solitario Resources Company Profile

Solitario Resources Corp. is a mineral exploration and development company focused on base and precious metals in the Americas. Headquartered in Englewood, Colorado, the firm targets copper, gold and silver through a combination of strategic acquisitions, grassroots exploration and joint-venture partnerships. Solitario’s work spans the full project life cycle from early-stage target generation and permitting through advanced stage resource definition and prefeasibility studies.

The company’s project portfolio includes a range of properties across North and South America.